62-blue_sm2012 wwj950-sm2011b 971-ticket-35smb 1270-talk-radio-sm2011b

Local

Bill Signed To Extend Home Foreclosure Protections

Share this
View Comments
foreclosed home-sign, remax

LANSING (WWJ) -In an unusual move, Michigan Lt. Gov. Brian Calley has signed a bill extending home foreclosure protections.

Gov. Rick Snyder usually signs bills into law… but he was traveling out-of-state Friday to a wedding and wanted the bill signed before the protections expired on Tuesday.  So Calley did the honors, which the Michigan Constitution allows.

The new law establishes procedures for homeowners who are behind on their mortgage payments to work with their lenders to modify loans and avoid foreclosure.

The protections were extended for six months.

The Associated Press contributed to this report.

Share this
View Comments
blog comments powered by Disqus
Listen Live!

Follow CBS Detroit

Select a Live Stream